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forex vs binary

by toby777
2 replies
  • OFF TOPIC
    • |
which is more profitable and less risk
also looking for new friends who have done this for a while and generate some profits
  • Profile picture of the author PaulSch
    If you have no experience then you will lose money whichever one you choose to do.

    Guaranteed.
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  • Profile picture of the author Joe Benjamin
    Forex. Hands down.

    Here's why:

    If I risk $100 on a single trade with binary options, the MOST I stand to earn if I "win" (i.e. price stays above/below entry) is $70, up to $80 depending on the broker if you're extremely lucky, but usually you get back 70% of your investment if you win.

    Here's the catch.

    You risk 100% of YOUR investment if you lose, and take a 30% hit if you win (win 70%).

    Although if I tell you that you make 70% returns if you win, in REALITY you're taking a 30% LOSE for every win you get because on the broker side they're 'taking' your entire investment, not just 70%.

    So, if I risk $100, and I win, I have a 70$ profit.

    Take that same $100 risk and you can literally double, triple or quadruple your investment, sometimes within a day in forex IF you know what you're doing.

    That same $100, at MINIMUM will earn me 2x my investment for a $200 profit, so that's a 200% ROI. Doing bad in forex is DOUBLING your account (or $1 earned for every 1$ risked).

    Most business would kill to double their investment, but in forex, for me at least, doubling my money is the absolute MINIMUM. That is the kind of power and leverage you have in forex. Night and day difference.

    Having said that, I do know HOW to trade binary options, I just don't much care for it considering the numbers above.

    This example is in reference to offshore binaries. NADEX (legal binary's *wink wink* - i.e. what you pay taxes on) is a whole different beast. It's good. It's "okay". But it's no forex. You have better odds with NADEX, but you can get very RICH and wealthy in forex.

    If you can earn $10,000 monthly in NADEX, you can easily earn $100,000 monthly in forex with the same amount of time it takes you to earn $10k.
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